Friday, July 07, 2006

7/7/06 A funny thing happened after lunch...

I started to trade welll. I mean I actually followed my rules and did well all because I changed one little thing! I stopped trading 2 cars and only traded one. I just stopped trading for pp's and only exited on reversals or stops, and I made money! A lot of money in fact, for only trading one contract.

What I want to do now is to paper trade today again by the old method. I am tying to figure out what makes more $, partial profits or waiting for exits from reversals and stops.

8:00 short 84, pp +1, out 81, +3, total +4
+1, +3, +4

8:55 s 7850, pp+1, out 80 -1.5, total -.5
+2, +1.5, +3.5

9:15 l 8175, +1pp, out and reverse short 8075, -1, total 0
+3, +.5, +3.5

9:25 s 8075, pp+1, out 8050, +.25, total +1.25
+4, +.75, +4.75

9:50 l 8150, stopped 79, -2.5, -2.5, total -5
+1.5, -1.75, -.25

10:35 l 8225, pp +1, out 82, +.25, total +1.25
+2.5, -1.5, +1

11:00 s 8150, out and reverse 8175, -.25,-.25, total -.5
+2.25, -1.75, +.5

11:20 l 8175, pp+1, out and reverse 8250, +1, +.75, total +1.75
+3.25, -1, +2.25

11:55 s 8250, pp +1, out 7975, +2.75, total +3.75
+4.25, +1.75, +6

1:05 l 8025, out 7875, -1.5, -1.5, -3
+2.75, +.25, +3

1:20 s 7875, pp +1, out 73,+1, +5.75, +6.75
+3.75, +6, +9.75

For the record I did get all the signal from 11:55 for real and yes, I made money because I took them!

It also appears as though the reversal/stop method of exit is slightly better but also increases volatilty. I think I will use pp during lunch and reversal/stop during first 2 and last 2 hours.


Trader X

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